Avail Collateral Free Loan from Bank

You can avail loan / credit limit upto Rs. 1.0 crore from any member lending bank for your business, whether new or existing without the need for providing any ‘Collateral Security’ or Guarantee. The Government has implemented a scheme called ‘Credit Guarantee under which the Government provides (through the Trust) guarantee to the Banks for their loans to Micro and Small premium to the Trust every year as a fee for their guarantee to Bank.

Complete details of ‘Credit Guarantee Scheme’ with procedure to avail its guarantee for your loan is given below:-

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